Asos Share Discussion Threads

[qantas] 03/12/2024 08:27

Fun fact same fake news you are very sad.

Share price hammering up..

[wolfofhounslow] 03/12/2024 08:12

Asos, Dune London, Superdry benefit from ?strong? Black FridayBY SABINA WESTON 2 DECEMBER 2024This year's Black Friday saw stronger demand and more full-price sales, leading UK and Irish retailers told Drapers.

[factsandfigures] 03/12/2024 07:38

ASOS loses money - SHEIN makes money !!
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UK sales at SHEIN, the Chinese-founded online retailer on track for a bumper IPO on the London Stock Exchange, passed £1.5bn last year, the company has revealed.

The division generated a revenue of £1.55 Billion for 2023, up from the £1.12bn it achieved in 2022.

SHEIN also posted an annual profit of £18.7m, a significant rise from the £9.8m it made in the prior 12 months.

In a statement, the UK arm said a “milestoneR21; for the year was setting up a UK base in Manchester, a city which is also home to rivals Boohoo and PrettyLittleThing, and Missguided, which it owns.

It also opened pop-up shops to showcase products from its best-selling collections in cities including Liverpool.

The UK business had 33 employees last year, primarily involved in marketing, but the new office could reportedly pave the way for recruiting a bigger team and targeting expansion across the country.

These results come as SHEIN is set to hold informal investor meetings in the coming weeks for its planned London IPO, pushing ahead with preparations as it awaits UK regulatory approval.

SHEIN officially filed papers with Britain’s markets regulator in early June, kicking off the process for a potential London listing by the company later in the year

A potential flotation has been estimated to value the business at about $66bn (£50.3bn) and it would mark one of the largest deals for the London Stock Exchange in a decade.

The Chinese-founded company, which is now based in Singapore, has disrupted the fast-fashion industry by shipping cheap clothes direct from factories in China to UK and US-based shoppers.

[wolfofhounslow] 02/12/2024 22:44

Asos, Dune London, Superdry benefit from 'strong' Black FridayBY SABINA WESTON 2 DECEMBER 2024This year's Black Friday saw stronger demand and more full-price sales, leading UK and Irish retailers told Drapers.

[wolfofhounslow] 02/12/2024 22:43

https://www.drapersonline.com/news/asos-dune-london-superdry-benefit-from-strong-black-friday

[qantas] 02/12/2024 22:02

Great BooHoo news.

[factsandfigures] 02/12/2024 16:06

DAILY TELEGRAPH REPORTING SHOPPERS NOT SPLASHING THEIR CASH
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Online Retailers and High street retailers have suffered their worst slump in sales since Covid, as fears over the economy hammer demand.

Sales in November were down 5.8% year on year, according to a new report from accountancy giant BDO, with customers spending less both online and in stores.

It marks the worst performance for the retail sector since January 2021, when retailers were battling the UK’s third Covid lockdown.

[wolfofhounslow] 02/12/2024 16:00

https://amp.theguardian.com/business/2024/nov/29/black-friday-online-sales-in-uk-rise-by-12-but-shops-still-feel-the-pinch

[sellhighandbuylow] 02/12/2024 15:47

Our failed share ramper with the crushed ego, Jon Smith posting on ADVFN as WOLF of LOSERVILLE and as Arja and as QANTAS and as AJ NOT VERY BRIGHT and as WOLOLOL and as Dealy and as RIVINGTON STREET and as LOSSES and as b00mb0y has lost a wedge of cash on Aston Martin (AML).

😊😊😊 Cash is King, and you don't have any now, LOSER BOY. 😊😊😊

[wolfofhounslow] 02/12/2024 15:40

https://amp.theguardian.com/business/2024/nov/29/black-friday-online-sales-in-uk-rise-by-12-but-shops-still-feel-the-pinch

[ukneonboy] 02/12/2024 15:34

ASOS management can have as many 'new' strategies as they like, but as most ASOS customers have already jumped ship and now buy clothes from SHEIN and TEMU, the inevitable outcome is bigger ASOS financial losses and further loss of market share.

[factsandfigures] 02/12/2024 13:28

DAILY TELEGRAPH REPORTING SHOPPERS NOT SPLASHING THEIR CASH
============================================================

Online Retailers and High street retailers have suffered their worst slump in sales since Covid, as fears over the economy hammer demand.

Sales in November were down 5.8% year on year, according to a new report from accountancy giant BDO, with customers spending less both online and in stores.

It marks the worst performance for the retail sector since January 2021, when retailers were battling the UK’s third Covid lockdown.

[albert arthur] 02/12/2024 12:07

Very interesting that SHI have closed from 1.01% short from Nov 6, and closed down to 0.04% on the 27th, then took a long the following day.. see last TR1

[wolfofhounslow] 02/12/2024 11:00

https://amp.theguardian.com/business/2024/nov/29/black-friday-online-sales-in-uk-rise-by-12-but-shops-still-feel-the-pinch

[wolfofhounslow] 02/12/2024 11:00

UK shoppers visited websites in droves to snap up Black Friday bargains, raising hopes among struggling retailers that the US-inspired promotional day would finally kickstart a festive spending spree.After a tough October and start to November for UK retailers, the number of transactions made by Nationwide Building Society members was up 12% by 1pm compared with Black Friday last year and was 16% up on 2022.Mark Nalder, director of payment strategy at Nationwide, said: "This year's Black Friday is in line with our expectation that this will be the busiest shopping day on record for our customers."

[factsandfigures] 02/12/2024 08:43

The latest Confederation of British Industry Growth Indicator, shows that companies expect 2025 to get off to a poor start, weighed down by rising labour costs and weak sentiment and that won't boost consumer spending !!

[qantas] 30/11/2024 12:11

Miss Ping Pong any luck last night??

[min ping] 29/11/2024 23:07

About your net worth

[robertbarns1] 29/11/2024 22:14

this was 78 pounds